PLANET LABS PBC (PL) Stock Technical Analysis
NYSE:PL - New York Stock Exchange, Inc. - US72703X1063 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to PL. In the past year, PL was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PL is one of the better performing stocks in the Professional Services industry, it outperforms 95% of 82 stocks in the same industry.
PL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PL has an average volume of 3749830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PL is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PL is lagging the market slightly.
Although the technical rating is only medium, PL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.00. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.17
4.04
When analyzing the support we can see 4 important areas.
- Support @3.96 from a trend line in the daily time frame.
- A support zone ranging from 3.80 to 3.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.67 to 3.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.20 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.00 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PL is up. |
| ChartMill Relative Strength | 94.52 | POSITIVE | PL has a high relative strength, it outperformed 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.12 | NEUTRAL | The RSI value for PL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PL has a positive trend. |
| Stochastics (14,3) | 62.11 | NEUTRAL | The Stochastics value for PL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for PL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for PL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.01 | 3.95 | 0.06 (1.50%) | 25.00% |
| An entry @4.01. This is a Buy Stop order right above the resistance zone. | An exit @3.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 1.50%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.99
+0.15 (+3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg3.91%
1 Week0%
2 Weeks3.37%
1 Month14%
3 Month0.25%
6 Month-4.09%
12 Month97.52%
2 Year23.91%
3 Year-7.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.77%
ATR Inc-2.21%
Range Today0.25
ADR(20)0.17
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.52
Mansfield1.72
10 Day High4.12
10 Day Low3.47
20 Day High4.12
20 Day Low3.4
52 Week High6.71
52 Week Low1.73
CS1 End3.96
CR1 Start4
Volume & EV
DER(3)3.35%
DER(5)0.15%
Volume8.56M
Volume Incr51.33%
Vol(5)4.91M
Vol(50)3.75M